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Billionaire Watch

Cristiano Ronaldo becomes football’s first billionaire after Al-Nassr contract

Lagos deploys drones, digital tools to curb workplace hazards

Customs seizes contraband worth over N1.2 billion in six weeks

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Business and economic news from Nigeria and around the world.

MSME, world bank, FG seeking FDI to develop Special Economic Zones - Trade Minister, FG clamps down on filling stations, others for faulty measuring and weighing equipment, AfCFTA: Nigeria securing approval to ratify agreement- Trade Minister, FG meets group to access AfCFTA's $650 billion market, UNIDO’s $60m investment programme to boost Nigeria’s industrialisation - FG, FG to strengthen economic ties with Turkey, FG moves to facilitate tax incentives for SMEs, Made-in-Nigeria vehicles gulp N364 billion from FG

UNIDO’s $60m investment programme to boost Nigeria’s industrialisation – FG

by Chidinma Nwagbara

December 2, 2019

The FG has said that the $60 million investment programme from UNIDO would help Nigeria to achieve inclusive and sustainable...

Ceramic tiles imports into Nigeria to hit N761 billion

by Chidinma Nwagbara

December 2, 2019

The importation of ceramic tiles into Nigeria, would by 2025 hit $2.1 billion, which amounts to over N761 billion.

PenCom bars PFAs from collecting bond’s brokerages fee , N27.09 billion withdrawn, as 109,284 retirees quit the Contributory Pension Scheme , Nigeria’s Pension Asset increased by N228 billion in October

PFAs invest 71.4% total assets in FG securities

PFAs invest 71.4% total assets in FG securities

Nigeria will enjoy foreign investments before December, IMF predicts, IMF, World Bank to hold meetings via conference call over Coronavirus epidemic,Covid-19: IMF pledges to assist low-income member countries, Nigeria gets $3.4 billion disbursement from IMF, interest rate 1%

Nigerian LDR policy weakens banks’ balance sheets, IMF says

Nigerian LDR policy weakens banks’ balance sheets

FAAN Recruitment scandal, Nigerians hit with over 60% delayed and cancelled domestic flights in 2018, Nigerian Airlines, delayed flight, Air travellers may soon witness fare hike due to VAT increase

FAAN, FCI to set up Lagos trade centre

by Chidinma Nwagbara

A centre for development and international trade promotion is said to be in the works as the Federal Airports Authority of Nigeria and...

coping-with-possible-effects-of-fuel-subsidy-removal-in-nigeria

Politics

Nigeria Spends N60.37 billion on Fuel Subsidy in November

by Titobioluwa Okunade

The federal government of Nigeria has spent a whooping N60.37 billion on subsidizing fuel in November 2019, increasing over 2000% when compared with the amount...

Aisha Buhari, the President Buhari's daugther on self-isolation after UK trip

Politics

Nigerians knock Aisha Buhari over comments on “Social Media Bill”

by Bamidele Samuel Adesoji

The controversial “Social Medial Bill” is once again trending on social media, and this time, it is due to statements...

Korea expresses desire to deepen trade ties with Nigeria

by Joseph Olaoluwa

Lee In-Tae has expressed faith in Nigeria's economy and reaffirmed his country's commitment to building sustainable infrastructure in Nigeria.

Access Bank tells customers to pay N50Stamp Duty

Instant payments hit over 3.3 million on Black Friday

3.4 million transactions were made by bank depositors on Nigeria Interbank Settlement System Instant Pay platform yesterday, Black Friday,

External reserves, CBN to hold MPC meeting next week, Demand for credit by household increases in Q2 2020 - CBN, CBN grants licenses to 3 Payment Service Banks, Mobile money loan CBN Governor, CBN, Three PSBs get Apex Bank’s provisional to commence operations, Milk Import: Experts advise CBN on FX restriction , CBN automates trading system, introduces electronic form to facilitate exports , CBN campaigns for Made-in-Nigeria products , CBN recent macroeconomic policies, others lead to a higher Fitch rating; from negative IDR to a stable ‘B’ rating, AGSMEIS: CBN expand beneficiaries to 14,638.

CBN campaigns for Made-in-Nigeria products